127.002 – FINDINGS; CERTAIN AGREEMENTS AGAINST PUBLIC
Texas Civil Practice and Remedies Code § 127.002
Summary
This law addresses indemnity agreements in contracts related to oil, gas, and mineral extraction. It declares that indemnification for negligence is against public policy, aiming to protect contractors from unfair liability.
Prohibits indemnification of negligent parties in certain contracts.
Affects agreements related to oil, gas, and mineral operations.
Seeks to prevent inequities for contractors in these industries.
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In simple terms: Learn about Texas's FINDINGS; CERTAIN AGREEMENTS AGAINST PUBLIC law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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